Posts Tagged ‘agreement’
888 Profits Increase Six Percent
Gibraltar-based online gaming operator 888 Holdings has announced its financial results for 2008 showing a six percent increase in profits before tax to $48.6 million.It reported earnings before tax for the year ending in December rose 23 percent to $55.7 million while its total operating income increased 21 percent to $262.5 million.Revenues from [...]
PartyGaming Signs Non-Prosecution Agreement
Leading listed online gaming operator PartyGaming has announced the finalisation of a deal with American authorities that will see it escape prosecution for its past activities in the US in exchange for paying a fine of $105 million.Gibraltar-based PartyGaming is the firm behind popular online poker domain PartyPoker.com and saw its shares jump 14 [...]
888 Creates Dragonfish
Gibraltar-based online gaming operator 888 Holdings has announced the creation of a separate division for its business-to-business activities in order to address the concerns of clients that did not want a rival brand on their sites.Gigi Levy, Chief Executive Officer for 888, revealed that its new division would be called Dragonfish and be run by [...]
Progressive Gaming International Liquidised
American gaming systems supplier Progressive Gaming International has filed for liquidation with the US Bankruptcy Court in Nevada after admitting that it owes more than $5.6 million to unsecured creditors while only possessing assets of $263,600.Progressive Gaming International sold most of its assets to International Game Technology (IGT) during [...]
CryptoLogic Agrees Exclusive Deal With TGN
Dublin-based CryptoLogic Limited has signed an agreement to provide its Internet casino software to The Gaming Network (TGN), owners of some of the UK’s most popular gaming sites, beginning in the third quarter of this year.CryptoLogic is a leading online casino software developer and stated that the deal will see it serve as TGN’s exclusive [...]
